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USD/SEK 4 Hour RSI Allowing a Rally USD/SEK could find itself on the verge of a near term move to the upside. A potential bullish swing failure in the RSI(14) during the last couple days tilted the risk to the upside for the this currency pair...
Analytics & Forecasts
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Roberto Jacobs, 9 June 2016, 08:31
Market Movers for the Day – Danske Bank Research Team at Danske Bank, lists down the key economic releases from across the globe for the day...
Market News
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Roberto Jacobs, 9 June 2016, 08:28
EUR/GBP Back to Test 0.7850 Ahead of Draghi? Fresh bids in the cable coupled with a retreat in the EUR/USD pair, dragged the EUR/GBP cross from 0.7870 region to revisit daily lows struck at 0.7851 in early Asia. EUR/GBP hovers around 5-DMA Currently, the EUR/GBP pair trades almost unchanged at 0...
Analytics & Forecasts
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Roberto Jacobs, 9 June 2016, 08:25
USD/CHF Suppressed Below 0.9600 at Fresh 5-Week Low The US Dollar continues to face selling pressure while the Swiss Franc is supported by safe-have flows on uncertainty surrounding the UK-EU referendum, with the USD/CHF pair now trading below 0.9600 handle...
Analytics & Forecasts
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Roberto Jacobs, 9 June 2016, 08:18 #usdchf
UK: Will FX Vol Price Action be Repeated...
Currency
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Roberto Jacobs, 9 June 2016, 08:13
Commodities Stronger Across the Board Led by Oil – ANZ Research Team at ANZ, notes that oil closed yesterday stronger after EIA data showed inventories in the US fell 3.23 million barrels to 532.5 million barrels. Key Quotes “This was tempered by an increase in crude production of 10kb/d to 8...
Market News
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Roberto Jacobs, 9 June 2016, 08:09
FxWirePro: AUD/USD Unable to Hold Above 0.75 Handle, Breaks Support at 0.7472, Good to Sell Rallies AUD/USD rejected at session highs by 0.7504, edges lower after poor Chinese CPI and PPI numbers dents Aussie bulls. China CPI data for May came in at +2.0% y/y versus +2.2% expected and against +2...
Analytics & Forecasts
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Roberto Jacobs, 9 June 2016, 08:06
FxWirePro: USD/INR Opens Higher at 66.53, Intraday Bias Remains Bullish USD/INR is currently trading around 66.63. It made intraday high at 66.63 and low at 66.53 marks. Intraday bias remains bullish till the time pair holds key support at 66.48 marks. A sustained break below 66...
Analytics & Forecasts
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Roberto Jacobs, 9 June 2016, 08:03
Nikkei down Over 1 Pct While China Close on the Dragon Boat Festival, Gold steady Above $1260 Major Asian indices are trading on a lower note on Thursday. Today BOK unexpectedly cuts the interest rate by 25bp to 1.25 % vs 1...
Market News
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Roberto Jacobs, 9 June 2016, 08:01
Guide to Today's Important Data and Events Lots of economic dockets scheduled for today and all with low to medium volatility risks associated. Data released so far – China – CPI declined -0.5% in May, up 2% from a year back. PPI is down -2.8% from a year ago. Upcoming –...
Analytics & Forecasts
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Roberto Jacobs, 9 June 2016, 07:57
Tumble in EUR/SEK Volatility EUR/SEK ATR(14) is at minimums across several time frames, from 30min to daily charts. Volatility shrunk to levels not seen in several weeks of trading independently from trend direction...
Analytics & Forecasts
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Roberto Jacobs, 9 June 2016, 07:54
USD/CAD Remains Weak Below 1.2700 Handle Rising oil prices and deteriorating expectations of a Fed rate-hike continues to boost the Canadian Dollar, with the USD/CAD pair trading close to a 5-week low level of 1.2655 touched on Wednesday...
Analytics & Forecasts
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Roberto Jacobs, 9 June 2016, 07:51
AUD/NZD Hammered on RBNZ’s Status-Quo, Lowest Since May 2015 The AUD/NZD battering extends into the early European trading, with the New Zealand dollar smashing its OZ counterpart in response to rates on-hold RBNZ policy decision announced earlier on the day...
Analytics & Forecasts
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Roberto Jacobs, 9 June 2016, 07:49
US: On Hold for the FED Dot Plot – ANZ Research Team at ANZ, suggests that the dot points the FOMC release next week will be key, as that will give us a central case expectation for their intentions over the second half of the year...
Currency
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Roberto Jacobs, 9 June 2016, 07:46
NZD Flying High After RBNZ - Rabobank Michael Every, Head of Financial Markets Research at Rabobank, notes that in New Zealand the RBNZ left rates unchanged as expected and as a result the NZD saw a dramatic surge up to 0.7125, the highest since June 2014...
Currency
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Roberto Jacobs, 9 June 2016, 07:43
The EURAUD’s Corrective Triangle Entering Final Leg The EURAUD has been making some rather large movements as of late and it could be about to complete a pattern which began in September last year...
Analytics & Forecasts
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Roberto Jacobs, 9 June 2016, 07:16
Central Banks to the Sidelines The inability of central banks to forecast more than a month in advance along with an unwillingness to surprise is increasingly leaving them paralyzed...
Currency
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Roberto Jacobs, 9 June 2016, 07:12
EURGBP Sets Up To Build On Recovery EURGBP- Having reversed most of its one-day corrective losses to close higher on Wednesday, further move higher is envisaged. Resistance resides at the 0.7900 level where a violation if seen will turn risk towards the 0.7950 level. On further upside, the 0...
Analytics & Forecasts
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Roberto Jacobs, 9 June 2016, 07:09
GBP/USD Struggles to Hold 1.45 Handle, Awaits UK Trade Data Having surrendered 1.45 handle in early Asia, the GBP/USD pair continues to trade around a flat-line near the last, unable to find a clear direction amid widespread risk-aversion...
Analytics & Forecasts
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Roberto Jacobs, 9 June 2016, 07:05
USD/JPY Bounces-Off 106.50 as Nikkei Recovers Losses The USD/JPY pair moved-off lows, although remains heavily offered as the extended slide in the Nikkei continues to boost the demand for the yen. USD/JPY reverts to 107...
Analytics & Forecasts
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Roberto Jacobs, 9 June 2016, 07:00